"One of the recurring themes for me this last 10 years is the idea of value creation through partnership...
A lot of times the trick is, when you start out, figure out who you can learn from. Those that have tried that path before can help you avoid mistakes.
I went to this little company that was a Yellow Page company, this was in 2003. I thought, gosh, there is so much I could learn here. I got in and it was a total mess. But what had happened is these prior two positions that I had worked in put me in a position where I could add value... [so] I jumped in.
We basically went in and restructured reorganize the business and looked at it differently and started cutting out everything that was bad. And started looking at everything that we were doing.
We built this business up and every year we were there, we increased sales.
And if you can believe this in 2007, a private equity firm paid a nine figure deal for a Yellow Page company and bought us out. [Because of the value add I brought to the company] the guy that I went into business he is one of the guys that pulled me over to the other end of the scale.
And he said, okay, we've done this, let's go build some businesses..."
Here at the Fourplex Investment Group we believe that the core of business revolves around what we can give back to the community and to our investors. We appreciate the advice Michael gave us at this last Real Estate Investment Summit earlier this year. His continued success comes in large part from his passion to help lift those around him; we can all learn from his stories and his example.
Take some time today and learn how Michael Bingham's focus on relationships and giving back leveraged him into the successful Blue Diamon Capital company he's a part of today.
"You are not here merely to make a living. You are here in order to enable the world to live more amply, with greater vision, with a finer spirit of hope and achievement. You are here to enrich the world, and you impoverish yourself if you forget that errand. -Woodrow Wilson
In 2007, Michael Bingham co-founded Blue Diamond Capital where he is heavily involved in managing multiple aspects of portfolio companies including acquisition, financing, equity raising, corporate strategy development and disposition.
During Mr. Bingham’s tenure, the equity of the company was tripled through profitability of the company’s assets. Mr. Bingham has increased the sales and profitability of the company every year since the company’s first full year in 2008. During his tenure, sales have increased 9500% from 2008 to 2015. Their portfolio includes assets in publicly traded securities, private equity and real estate investments.
Mr. Bingham serves on the board of several for profit entities including Edge Homes, Emergency Essentials, PEG Development. Michael is a Certified Public Accountant (CPA) with over twenty years of investment management, merger and acquisition, financing, operations management, investor relations, real estate development and corporate governance experience.
Blue Diamond Capital: